Weeks reunites with former Protego partner to support Newcore growth

Newcore Capital has appointed Charles Weeks, previously head of real estate for Europe and Asia Pacific at Barings, as a senior adviser. Weeks will be advising chief executive Hugo Llewelyn and the senior Newcore Capital team on the further development and expansion of the business, with a focus on expanding the company’s investor base and partnerships. Newcore Capital is a UK-focussed real estate investment manager specialising in social infrastructure, It is a return to partnership for Weeks and Llewelyn, who in 2004 co-founded Protego Real Estate Investors. Together they established and built the UK and European investment management business, which was acquired by Barings (then Cornerstone) in 2010. Weeks remained at Barings to continue to lead the growth of the Barings real estate enterprise in Europe, and later into APAC, while Llewelyn departed to start Newcore Capital.    Weeks said: “It is exciting to be reunited with Hugo and be working with his senior team in supporting the further development and growth of Newcore Capital. “Newcore has already established a strong reputation in the real estate industry, thanks to their unique investment focus and emphasis on sustainability – environmental, social and financial – as well as the solid investment returns they have delivered for their institutional clients, despite the challenging market conditions we have seen witnessed in recent times”. Llewelyn added: “Charles brings a wealth of experience from running the Barings European and APAC businesses; and is well-respected in the real estate investment industry. “These attributes will help us to build on the success of the business to date as we seek to consolidate our market leading position in real estate investment providing essential services to society.” In late 2023, Newcore announced the launch of a new core-plus investment vehicle, the Newcore Social Infrastructure Income Fund, which is targeting £375m in equity commitments. The vehicle – the firm’s largest fund yet – aims to capitalise on the strong underlying demand fundamentals for social infrastructure real estate at a time of market dislocation. Photo © Newcore Capital